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AIM-listed touch technology firm Zytronic (LON:ZYT) has seen its share price drop by 6.50% by 180p (as of 15:15 GMT) as revenues for the year ended 30th September fell by £2.2 million to £20.1 million due to a decline in demand from the gaming industry. Gross margins also decreased by 330 basis points as the product mix shifted away from large format sensors. Pre-tax profits for the year fell by 26%.
Chairman Tudor Davies commented: “On the basis of the first two months of trading being at lower levels than last year, we are cautious about the short term. However, as we have seen in prior years, trading results in the second half can improve as the year progresses and the level of enquiries for new projects are higher than last year“.
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